True/False
According to the factor-endowment theory, international specialization and trade cause a nation's cheap resource to become cheaper and a nation's expensive resource to become more expensive.
Correct Answer:
Verified
Correct Answer:
Verified
Q49: In explaining international trade, the product life-cycle
Q50: The Heckscher-Ohlin theory suggests that land-abundant nations
Q51: According to the product life cycle theory,
Q52: The Leontief paradox<br>A) supported the factor-endowment theory.<br>B)
Q53: A product will be traded only if
Q55: The theory of overlapping demands contends that
Q56: Japan's fading success in the electronics industry
Q57: Fears about the downward pressure that low-skilled
Q58: If tastes and preferences are identical for
Q59: Which trade theory suggests that a newly